Janus Henderson Group PLC Has $86.57 Million Stock Position in Wynn Resorts, Limited (NASDAQ:WYNN)

Janus Henderson Group PLC decreased its stake in Wynn Resorts, Limited (NASDAQ:WYNN) by 15.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 902,880 shares of the casino operator’s stock after selling 165,706 shares during the quarter. Janus Henderson Group PLC owned 0.82% of Wynn Resorts worth $86,568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WYNN. Fisher Asset Management LLC boosted its position in shares of Wynn Resorts by 70.7% in the 3rd quarter. Fisher Asset Management LLC now owns 3,971,846 shares of the casino operator’s stock valued at $380,821,000 after purchasing an additional 1,644,965 shares during the period. Holocene Advisors LP boosted its position in shares of Wynn Resorts by 27,868.5% in the 3rd quarter. Holocene Advisors LP now owns 757,946 shares of the casino operator’s stock valued at $72,672,000 after purchasing an additional 755,236 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Wynn Resorts in the 3rd quarter valued at $58,486,000. Renaissance Technologies LLC boosted its position in shares of Wynn Resorts by 29.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,345,100 shares of the casino operator’s stock valued at $120,386,000 after purchasing an additional 303,033 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Wynn Resorts by 6,720.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 257,537 shares of the casino operator’s stock worth $23,050,000 after acquiring an additional 253,761 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Insider Buying and Selling

In related news, Director Patricia Mulroy sold 2,650 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $78.73, for a total value of $208,634.50. Following the completion of the sale, the director now directly owns 5,689 shares in the company, valued at approximately $447,894.97. The trade was a 31.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group upgraded Wynn Resorts to a “hold” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised their price objective on Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus decreased their price objective on Wynn Resorts from $121.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, September 13th. Finally, Barclays decreased their price objective on Wynn Resorts from $125.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.71.

Wynn Resorts Stock Performance

Shares of NASDAQ WYNN opened at $94.79 on Thursday. The business has a 50 day simple moving average of $95.41 and a 200 day simple moving average of $87.82. Wynn Resorts, Limited has a 52 week low of $71.63 and a 52 week high of $110.38. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 3.53 and a beta of 1.78.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a negative return on equity of 61.16% and a net margin of 13.37%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts predict that Wynn Resorts, Limited will post 4.78 EPS for the current year.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 1.05%. Wynn Resorts’s dividend payout ratio (DPR) is currently 12.33%.

Wynn Resorts Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.